Hannan Metals Announces Agm Results
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
Phone: +1 604 685 9316 / Fax: +1 604 683 1585
NEWS RELEASE NOVEMBER 9, 2018
HANNAN METALS ANNOUNCES AGM RESULTS
Vancouver, Canada – Hannan Me tals Limited (“Hannan” or the “Company”) (TSXV: HAN) (OTCPK:
HANNF) is pleased to announce the results from its Annual Gene ral Meeting of Shareholders held on Friday,
November 9, 2018 (the “AGM”) in Vancouver, BC.
Shareholders holding a total of 19,064,750 common shares were represented in person or by proxy at the AGM,
representing 40% of the votes attached to all outstanding common shares of the Company as at the record
date. Shareholders voted in favour of all the matters submitted before the AGM as set out in the Notice of
Meeting and Information Circular dated October 2, 2018, including:
1. Setting the size of the Board to five directors and electing the following as directors until the next annual
shareholder meeting of the Company: Michael Hudson, Ciara Talbot, Georgina Carnegie, Nick DeMare
and David Henstridge;
2. Appointing Davidson & Company, Chartered Professional Accountants, as the Company’s auditor for the
ensuing year; and
3. An ordinary resolution approving a new 10% rolling Stock Option Plan.
Subsequent to the AGM, the Board re-appointed Mr. Hudson as Chairman and CEO, Mr. DeMare as President,
Mr. Harvey Lim as Chief Financial Officer, Mr. Lars Dahlenborg as Vice President of Exploration and Ms. Mariana
Bermudez as Corporate Secretary. Messrs DeMare, Henstridge and Ms. Talbot were appointed as members of
the Audit Committee.
About Hannan Metals Limited (TSX.V:HAN) (OTCPK: HANNF)
Hannan Metals Limited has 100% ownership of the County Clare Zn-Pb-Ag-Cu project in Ireland, which consists of 9 prospecting licences
for 32,223 hectares. Zinc remains in tight supply amidst rising demand and stagnant supply. Ireland is a leading global jurisdiction for
zinc mining and exploration.
This maiden mineral resource for Kilbricken was published in July 2017, and immediatel y ranks Kilbricken as one of the top ten base
metal deposits discovered in Ireland by to nnes and grade. Total indicated mineral reso urces were calculated as 2.7 million tonn es at
8.8% zinc equivalent (“ZnEq”), including 1.4 million tonnes at 10.8% Zneq and total in ferred mineral resources of 1.7 million t onnes at
8.2% ZnEq, including 0.6 million tonnes at 10.4% ZnEq. Importantly, the initial resource is expandable at all scales, from near resource
to prospect scale.
Over the last decade, the team behind Hannan has forged a long and successful record of financing and discovering mineral projects in
Europe. Additionally, the team holds extens ive zinc experience, gained from the world’s largest integrated zinc producer of th e time,
Pasminco Ltd.
Mr. Michael Hudson FAusIMM, Hannan’s Chairman and CEO, a Qualified Person as defined in National Instrument 43-101, has reviewed
and approved the technical disclosure contained in this news release.
NI 43-101 Technical Report:
On August 22, 2017, Hannan filed an indepe ndent National Instrument 43-101 Technical Report (the “NI 43-101 Technical Report”) on
The Mineral Resource Estimate for the Kilbricken Zinc-Silver-Lead-Copper Project Co. Clare, Ireland For Hannan Metals Ltd in support of
the Company’s news release dated July 10, 2017. The NI 43-101 Techni cal Report was authored by Mr. Geoff Reed of Reed Leyton
Consultants and Dr. John Colthurst who are independent “qualified persons” as defined by National Instrument 43-101. The NI 43-101
Technical Report may be found under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website
2
at www.hannanmetals.com. The zinc equivalent (ZnEq) value was calculated us ing the following formula: ZnEq% = Zn % + (Cu% *
2.102) + Pb% * 0.815) + (Ag g/t * 0.023) with assumed prices of Zn $2587/t; Cu $5437/t; Pb $2108/t and Ag $18.44/oz.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, Chairman & CEO
Further Information
www.hannanmetals.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary,
+1 (604) 685 9316, [email protected]
Forward Looking Statements
Certain information set forth in this news release contains “for ward-looking statements”, and “forward- looking information” un der
applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward- looking
statements, which include the Company’s expectations regarding future performance based on current results, expected cash costs based
on the Company’s current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. These
statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements
necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results
in future periods to differ materially from any projects of future performance or results expressed or implied by such forward- looking
statement. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future e vents
could differ materially from those anticipated in such statemen ts. The Company undertakes no obligation to update forward-looki ng
statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ventu re
Exchange) accepts responsibility for the adequacy or accuracy of this news release.